Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Volatility Breeds Contempt
By: Michael Ballanger

Rocket Time For Gold
By: Stewart Thomson

A golden escape
By: Richard (Rick) Mills

Does Gold Like Acronyms? The Golden Story of SPX, CPI, and IMF
By: Arkadiusz Sieron

Gold Resource Corporation Reports Preliminary Third Quarter Production of 6,411 Gold Ounces and 321,590 Silver Ounces Maintaining 2018 Annual Outlook
By: Gold Resource Corporation

Of What Am I Now Certain?
By: Avi Gilburt

October Doesn't Disappoint: Volatility Is Back After a Tranquil Third Quarter
By: Frank Holmes

Lower Yields Are Bulls' Best Bet
By: Rick Ackerman

Poland Raises Gold Holdings to Record High in September – IMF
By: GoldCore

Asian Metals Market Update: Oct 16 2018
By: Chintan Karnani, Insignia Consultants


GoldSeek Web

Gold and Silver Market Morning: Nov-12-2015

 -- Published: Thursday, 12 November 2015 | Print  | Disqus 

Gold Today –New York closed at $1,084.70 down $3.70 yesterday. In Asia it rose to $1,088.05 before London opened. The LBMA price setting fixed it at $1,087.60 down from $1,088.60 over yesterday. The dollar Index is at 99.14 up from 98.95 at today. The dollar is at $1.0715 up from $1.0740 against the euro.  In the euro the fixing was €1,014.795.63 down from €1,015.63.  Ahead of New York’s opening gold was trading in the dollar at $1,086.85 and in the euro at €1,014.14. 


Silver TodayThe silver price closed at $14.30 down 12 cents from yesterday’s close. At New York’s opening, silver was trading at $14.42.


Gold (very short-term)

The gold price will consolidate with a weaker bias today, in New York. 


Silver (very short-term)

The silver price will consolidate with a weaker bias today, in New York.


Price Drivers

The currency markets, the dollar and the gold price stabilized with a weaker bias, again today. Again, the dollar has not broken through the 100 level on the dollar Index. With the Eurozone contemplating negative interests rates down as far as 0.75% [like Denmark and Sweden] we believe that the Treasury and the E.C.B. have or will agree that such stimuli not be permitted to weaken the euro. That is, if the dollar Index rises above 100, convincingly. Technically the euro should be moving to par with the dollar. We continue to watch to see if this is the new way forward. If so it will have a positive impact on the gold price.


There were no sales from the SPDR gold ETF but sales of 0.45 of a tonne from the Gold Trust. The holdings of the SPDR gold ETF stands at 663.432 tonnes in the SPDR gold ETF and at 159.85 in the Gold Trust. These sales had no impact on the gold price - Subscribe  [See a site where protection from confiscation is offered: ]


Single’s Day on Alibaba was around 50% higher than last year, confirming what we said about the burgeoning growth of the middle classes there. It is from this quarter that the future gold demand will come. The day was certain evidence of the rising disposable income among those classes. If we are to believe the Indian GDP growth figures of 7.3% we will see the urban Indian middle classes change the shape of Indian gold demand too. Currently the demand from the agricultural community is poor this year as a low quality monsoon led to lower disposable income for gold. However, the available figures on Indian demand completely ignores smuggled gold, which has to be 25% plus, of supply to the nation.


Silver Silver prices are still waiting for gold to give them direction. - Subscribe       



Julian D.W. Phillips for the Gold & Silver Forecasters


Global Gold Price (1 ounce)















Rs. 72,158.28


Y 6,950.41

Y 6,957.33


| Digg This Article
 -- Published: Thursday, 12 November 2015 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2018 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.